The bipartisan PACE Act was introduced in Congress — learn what it means for you!
The bipartisan PACE Act was introduced in Congress — learn what it means for you!

The PACE Act:
Faster, More Affordable Payments for Every American.

Sign The Petition

What Is The PACE Act?

Right now, a worker deposits their paycheck on Friday. The bank holds it until Tuesday. The money is earned. The deposit is made. But access has to wait. For small businesses, every day a payment sits in processing is a day cash flow is frozen — while bills keep coming.

This isn’t a technology problem. The United States is home to the most innovative payment companies in the world, and they’ve already built the solution. What’s needed is a regulatory update. The PACE Act delivers that update.

What Is The PACE Act?

The Payments Access and Consumer Efficiency (PACE) Act is bipartisan legislation introduced by Reps. Young Kim (R-CA) and Sam Liccardo (D-CA). It would allow qualified, well-regulated payment companies to apply for direct access to the Federal Reserve’s payment network.

Right now, non-bank payment companies must route through legacy banks to reach that network. That routing costs time and money. The PACE Act removes that bottleneck — infusing more competition into the marketplace and giving consumers and small businesses more choice.

Participation is entirely optional. Banks and the existing financial system are unchanged. This is about opening a door that has been kept closed.

What It Means For You:

Faster Access to Your Money:

No more multi-day waits for paychecks, transfers, or vendor payments to clear.

Lower Fees:

Fewer companies involved in a transaction means lower costs.

More Competition and Choice:

A bigger pool of regulated providers means more options and more innovative products.

Strong Consumer Protections:

Funds must be fully backed, held separately from company assets, and protected first if a company fails.

Voter Support:

83%

say their paycheck shouldn’t sit in limbo for three days.

78%

say they should be able to move money instantly, any time, any day.

76%

support updating the rules to speed up payments and increase competition.

65%

recognize the mandatory bank middleman drives up costs.

Your Signature Sends a Message. Sign the Petition.

TELL CONGRESS: Support the PACE Act for a Faster Payment System

Official Petition: Congress must modernize our nation’s payment system. Giving Americans access to a more competitive system will make payments faster, lower fees, and encourage innovation so money can move as quickly as our modern lives. I urge you to support the bipartisan PACE Act, introduced by Rep. Young Kim and Rep. Sam Liccardo, to make payments faster and more affordable for Americans.